Thorbjorn Waagstein

Thorbjorn Waagstein

Thorbjørn Waagstein, Economist, PhD, since 1999 working as international Development Consultant in Latin America, Africa and Asia.

Thursday, 15 February 2024 18:14
Published in Politics

It is now it is becoming dangerous

As defeat is looming for NATO in Ukraine, what will NATO do? Call it quit, negotiate and try to get the best out of it – even if it will not look good? Refuse to accept the defeat and continue to the bitter end, even if that may cost tens or hundreds of thousands more lives and finally ending in losing it all? Escalate and send NATO troops to Ukraine? This is a very dangerous historic moment.

Thursday, 08 February 2024 21:35
Published in Economics and politics

Can cooperation beat the chip giants?

Two companies have presently the world market for computer chips in an iron grip: Intel/AMD and ARM. Inspired by the success of the open software movement, an open source hardware technology, called RISC-V, is now challenging this monopoly. My guess is that it will be successful, not least because more and more countries are worried about the monopolization. That is obviously the case for China and Russia, but India, Brazil and EU are also betting on RISC-V.

Sunday, 04 February 2024 20:55
Published in Economics and politics

Sometimes cooperation beats profit-seeking

We know from history that cooperation among small producers in cooperatives under certain circumstances can beat commercial private companies. But within software, another type of cooperation has appeared during the last decades. The whole thing was started by hobbyists who liked what they were doing and were cooperating which each other, despite that there was no economic benefit in it. In some areas it has proven extremely effective in challenging monopolies and bringing down excess costs for the user.

We are told by liberals, and in particular economists, that humans are selfish, and by being selfish, they are contributing in the best way to the common good. This is scientifically incorrect. Humans are of course looking for their own interests, but they are genetically also disposed for being cooperative and with a capacity of self-sacrifice – also called altruism.

Monday, 15 January 2024 23:20
Published in Politics

The new world order to come

We are in the middle of big changes in the global world order. As is often the case, it is difficult to perceive the magnitude of what is happening when you are in the middle of it. It is like not being able to see the forest for all the trees. But the changes are big, and I think the years 2023-2024 will afterwards be seen as the watershed years. The winners are the countries of the Global South, China and Russia. The main loser is the European Union.

Tuesday, 26 December 2023 23:21
Published in Economics and politics

US is losing its technology war against China

Recent events show that China has been able to overcome the US sanctions campaign against its High Tech industry. The US has reacted with a new wave of sanctions against China. This is a dead-end. It will eventually hurt the US more than China. Thank you, Mr. Biden.

Tuesday, 12 December 2023 23:07
Published in Economics and politics

The US is spending as if there is no tomorrow

The political debate in the US about new spending is bizarre. They are bickering about more money for this and for that: the military, border defence, chip production, Ukraine, Israel, you name it. The only thing that is never mentioned, is how to pay for it. And this is despite that the US is running the biggest deficit since the 2009 financial crisis and the Covid emergency. The national debt is spiralling. They are spending as if there is no tomorrow.
Thursday, 07 December 2023 18:18
Published in Politics

Why do Israeli officials keep talking about Dresden?

Benjamin Netanyahu, Israel’s current prime minister, has reminded western audiences of the mass civilian deaths caused by the Allied bombing of Dresden in 1945. Why is he doing that? What he wants to say is that “if you could, why can’t we?” Israel’s American and European friends feel uncomfortable when this comparison is made.

Saturday, 21 October 2023 21:51
Published in Politics

What to do when you take other people’s land

History tells us that countries have routinely conquered land, where other people are living, so the case of the State of Israel is not unique. But the question arrives, what to do with the people on the conquered land. Here, the State of Israel is a very peculiar case, and at the root of the Palestinian tragedy.

General Mark Milley, chairman of the US’ joint chiefs of staff, said in February 2023 that Russia has already lost ‘strategically, operationally and tactically’. The war in Ukraine is in the US seen as 'a remarkably cost-effective way to degrade Russia’s military capabilities without risking a single (American) life'. So then everything is going according to plan. Or is it?

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